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The Sherman Antitrust Act was primarily aimed at breaking up monopolies in big business.
Initially, the Act was used more frequently against labor unions than against corporations.
The Act was enacted to promote competition and protect small businesses exclusively.
The enforcement of the Sherman Antitrust Act has evolved with changes in political and economic priorities.
The Act was a response to public outcry against labor strikes in the late 1800s.
Understanding the Answer
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The early courts used the Act mostly against labor unions because the government feared big labor movements. Other options are incorrect because Many think the law was made only to stop large companies, but early cases were against union organizers; Some say the Act only protects small businesses, but its goal is fairness for everyone.
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Sherman Antitrust Act History
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Deep Dive: Sherman Antitrust Act History
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Definition
The Sherman Antitrust Act, enacted in 1890 under President Benjamin Harrison, was initially used against labor unions instead of big businesses. It aimed to prevent combinations that interfered with interstate trade. The Act's enforcement history reveals shifts in political and economic priorities over time.
Topic Definition
The Sherman Antitrust Act, enacted in 1890 under President Benjamin Harrison, was initially used against labor unions instead of big businesses. It aimed to prevent combinations that interfered with interstate trade. The Act's enforcement history reveals shifts in political and economic priorities over time.
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